It's as simple as that. 

Homeowner should have an adequate policy and you can use additional damage protection from services like Safely and Waivo.Yes, security deposits are normal for MTRs and highly recommended. 

Since you're not performing the work, ensure the contractor has adequate coverage.

That means it was never adequate for this house, as the heat strips are only there if and when the heat pump cant work if its too cold outside, but not to run all the time.

If you're a newbie working on a big project and don't have a lot of time to commit to it - it probably makes more sense to pay a GC to source materials and labor.If you're seasoned and have a good idea of what is needed / can adequately qualify subs then go for it.Another thing to consider - do you have trusted boots on the ground that can keep an eye on the project for you?

Even more importantly, is is positioned to be the top sector for the next 10+ years, thanks to the retiring baby boomer population and the lack of adequate new facility development.  

Moreover, these people usually don't have the right systems in place to follow up/nurture the lead adequately. 

Policy limits vary but your father will have adequate coverage with Vanguard, Fidelity, or Schwab.

Hey UrsulaGreat topic, simple answer.

As far as a DST goes for replacement property, it can be a great potential solution for those who are no longer interested in the traditional responsibilites of ownership any longer or who may be having a difficult time finding adequate replacement property or properties.